21.   They believe such a venture would generate enough revenue for the clubs to make them forget about restraining salaries.

22.   What cannot be argued is the massive amount of money involved in such a venture.

23.   When investors became reluctant to accept such a venture, however, Rothenberg decided to allow major investors to run their own teams.

24.   Ahmad Stalin Othman, the owner of Pribena Construction Sdn Bhd, is one businessman who has embarked on such a venture in a big way.

25.   Also, such a venture would no doubt anger the Nevada regulators and jeopardize his chances of getting his license back.

26.   But the Clinton administration has so far been unable to pledge funds to underwrite such a venture.

27.   It was not clear if the Myanmar generals who rule a conservative Buddhist country will allow such a venture.

28.   Such a venture would develop and market the new launch vehicle, designated Seagull by its designers.

29.   Stern said such a venture would be modeled after the WNBA -- with the league owning all franchises, setting salary levels and centralizing business operations.

30.   The companies have not applied for the government approvals that would be necessary for such a venture.